5 Sept 2019
WORLDWIDE HOLIDAYS LTD v WANG [2019] NZHC 2218
- Citation
- [2019] NZHC 2218
- Court
- High Court
The Court found Ms Wang was Worldwide's agent and owed fiduciary duties, misappropriated customer payments by directing funds to her personal account and concealing receipts by rolling forward payment dates; Worldwide traced and established misappropriation to the value of $1,310,729 and was entitled to equitable and contractual relief; the acknowledgement of debt signed by Ms Wang (and guaranteed by Ms Jun) was a valid enforceable deed and duress was not proved; Worldwide traced funds through Ms Wang to Ms Lin and the money had and received claim against Ms Lin succeeded except to the extent…